Birdwatch Archive

Birdwatch Note Rating

2023-03-11 02:59:48 UTC - HELPFUL

Rated by Participant: 1007C4AA379EF1019464F28DE081F53011A6544497667D80EC359F897BA49CCE
Participant Details

Original Note:

Silicon Valley Bank collapsed due to excessive customer withdrawals, or a "run on the bank", due rising interest rates from The Fed and decreased risk tolerance from investors. No one besides Mr. Kirk, including the bank or regulators, are saying DEI efforts caused this. https://www.reuters.com/business/finance/what-caused-silicon-valley-banks-failure-2023-03-10/ https://www.theguardian.com/us-news/2023/mar/10/silicon-valley-bank-collapse-explainer

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Original Tweet

All Information

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